About a third of the cuts come from reduced reimbursements to hospitals. About a third comes from reducing overpayments to insurance companies for Medicare Advantage plans, which are private competitors to standard Medicare. The remaining third comes from cuts in reimbursements to various other healthcare providers. More details here.

Their argument is that it’s not “really” being cut from Medicare because instead of cutting the benefit to seniors, they’re going to cut the amount paid out of those benefits for services.

No, no, no! You don’t get it. Doctors make too much money. Insurance companies, banks, oil companies, big corporations, the top 1%, etc. make too much money. It makes no sense to keep paying them more to provide services that can be provided for less. Meanwhile, that money should be put back into the service of the middle class instead of benefitting millionaires and billionaires.